Filing as a new grad, student status

schen40 · ‎February 9, 2022

Hello. I graduated in May 2021 and was a full-time student from Jan 2021-May 2021. I'm not sure whether I can check that I was a full-time student in 2021?

Also is federal aid and school grant taxable income if I got more grant than my tuition?

Critter-3 · ‎February 9, 2022

You are a student if you were full time for any part of 5 months ... so Jan 31 to May 1 = some part of 5 months

MayaD · ‎February 10, 2022

Yes, the amount awarded in excess of qualified education expenses will be considered taxable income. In addition, you can't claim education credits or deduct expenses that were paid with these tax-free funds.

For more information please check Are my scholarships, fellowships, or grants taxable?

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